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but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build buildout by american taxpayers. recording record profits. sitting on trillions of dollars, keeping them away from their owners and the investors a the workers. neil: are you saying that there was crime involved? there was no crime involved. are you saying that all of these guys are typical? in other words with that there are more bad guys and good guys? >> the big guys have too much power and are too big to fail and all that. >> leches take the fortune 500. would you say, you mentioned three prominent companies. would you say that is 3%? 5%? 50%? i just disagree
but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build...
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Dec 24, 2012
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 30, 2012
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a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right now and you they are causing economic calamity to our country. they are making us look foolish. they are making us look unable to self-govern in a constructive way, let alone serve -- solve long-term problems, which is what we elect them for. people should be furious that we are here 36 hours with no deal on the fiscal cliff. >> i have no doubt they are. john avlon, thanks very much, as always, for the insight. thank you. >>> a fiscal fight. it is happening right now
a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other...
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that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been.raedpt >> we and the world haveed join in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i
that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know...
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i think this is a terrible way to govern. i think it is an insult to every american. i think it's an absurdity. we're with family in wisconsin and florida, and every day, normal people think this is crazy. >> what would you do, mr mr. speaker, if the legislation came to the house of representatives tomorrow? >> i would have gone home. first of all, how is it going to come? what is it going to be? the senate is going to deem something has passed, to be written by the staff later? that's what they did with obama care. that's how the senate has done on a bipartisan basis, tax bills for i think the last 30 years. they deem this stuff -- they voted. they go home and say, look what we accomplished. nobody knows what's in the bill. none of the details are clear. there have been no hearings, no mark ups no amendments. this is as bad as the original obama passing a $780 billion stimulus that nobody had read. or nancy pelosi saying you have to pass the bill to know what's in it. i don't think any republican ought to be touching this stuff. >> mr. speaker, hold on for a second.
i think this is a terrible way to govern. i think it is an insult to every american. i think it's an absurdity. we're with family in wisconsin and florida, and every day, normal people think this is crazy. >> what would you do, mr mr. speaker, if the legislation came to the house of representatives tomorrow? >> i would have gone home. first of all, how is it going to come? what is it going to be? the senate is going to deem something has passed, to be written by the staff later?...
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we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a political battle over the increase in marginal tax rates based on what you earn. i understand there's a lot more to this puzzle. but on that front, because that's the one that gets most of the ink around here. it's the whether people who earn more than 250,000 or 2z 400,000 or a million should pay more tax. the point i'm trying to get at is that's not going to hurt the economy. that's all we're talking about. paying 4.6 percentage points higher on your income over 250,000, the evidence isn't there that that's going to hurt the economy. >> it will take taxes from 35% to 43.6%. because you have to
we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a...
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so austerity in terms of shrinking the size of government, or the growth of government, would be very, very healthy for the economy. austerity in europe is something elsewhere, because of the euro situation, you have to cut people's wages, to make those countries competitive again. that's a completely different issue. austerity in terms of reversing this tremendous increase we've had in government spending over the last four years, we've gone from 2.9 trillion to 3.8 trillion in spending, a 30 odd percent increase in four years. and there's no trend or motivation so far to reverse that or normalize that. so again, austerity for the public sector is stimulus for the private sector. >> all right. shawn tully, thank you very much. >> happy new year, don. >> you too as well. >> thank you, don. >>> a mom and her kids reunited after they had been missing for nearly a week, thanks to a cnn viewer. thanks to you. hear their story next. hes, fev. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold an
so austerity in terms of shrinking the size of government, or the growth of government, would be very, very healthy for the economy. austerity in europe is something elsewhere, because of the euro situation, you have to cut people's wages, to make those countries competitive again. that's a completely different issue. austerity in terms of reversing this tremendous increase we've had in government spending over the last four years, we've gone from 2.9 trillion to 3.8 trillion in spending, a 30...
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important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you. john boehner as we heard from kelly o'donnell is going to have to face meeting democrats if we have a deal. then he's going to have to go back to his caucus and say re-elect me as speaker. how does he do that? >> i think it's two separate questions, richard. on the first point he's going to have a difficult time to corral votes. if the president bring his 250 plan to the house floor, you're not going to see many republicans go after it. but at the same time i think boehner is pretty safe when it comes to his speakership. if gentlemen were making noise against the speaker, there would be huge trouble. i think boehner'
important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you....
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government, for states, cities. you name it. a lot of unanswered questions here right now. >> bret: cheryl casone in new york. cheryl, thank you. we will be watching the markets, especially the asian markets when they open in just 30 minutes. thank you. the question is now what happens with the u.s. house of representatives? how does speaker boehner move forward as the meeting is breaking up? we have inside scoop from behind those closed doors. and perhaps a strategy, path way forward. we have a live interview with the vice chairman of the budget committee. he will join us on the other side of this break. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >> bret: this is a fox news alert. looking live at the house floor gaveled back in session. take vote that don't deal with the fiscal cliff legislation and counting heads semil
government, for states, cities. you name it. a lot of unanswered questions here right now. >> bret: cheryl casone in new york. cheryl, thank you. we will be watching the markets, especially the asian markets when they open in just 30 minutes. thank you. the question is now what happens with the u.s. house of representatives? how does speaker boehner move forward as the meeting is breaking up? we have inside scoop from behind those closed doors. and perhaps a strategy, path way forward. we...
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if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severe iity durin break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it
if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what...
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is not going to repay its debt obligations and the full faith and credit of the united states government, we're not going to give that up. >> a very valid point. you believe we need to get spending under control. we don't knees to raise taxes but you don't want to do it on the back of fearmongering that is responsible and i appreciate that. and steven, i love you, too, and i really do hope that you and i do not ring in the new year together. >> me, too, but have a happy one anyway. >> thank you, sir. don, you and i might. >> what is wrong -- ali, you're a cool guy. why wouldn't steven want to spend new year's with you? >> i agree. the three of us might be spending new year's together so let's not speak too soon. >> steven, i have seen you everywhere. you were on two networks at once and then you're on the third network after you were off the other one. >> you know, i was supposed to be skiing today. i actually skied this morning and rushed back, but i know one casualty of the fiscal cliff and that's me. >> there you go. >> thank you, thank you. so the senate won't vote tonight. house spe
is not going to repay its debt obligations and the full faith and credit of the united states government, we're not going to give that up. >> a very valid point. you believe we need to get spending under control. we don't knees to raise taxes but you don't want to do it on the back of fearmongering that is responsible and i appreciate that. and steven, i love you, too, and i really do hope that you and i do not ring in the new year together. >> me, too, but have a happy one anyway....
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, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to make it clear and i'm trying to make it clear that john boehner can't just say i'm not in there. of course, he is a player in this. if he does not work with the senate, work with the president and, again, the president has time and time again said we have some common ground here. if the republicans do agree, and they say they do, that they do not want to see tax rates go up on the american people, well, the president said let's make sure that we vote on that. 98% of americans can be protected from a tax increase. we can protect seniors under medicare by making sure that 30% cut to the providers don't go through. th
, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to...
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you saw his government and the federal government coming together to solve people's problems. >> they had the fleece on. the sleeves were rolled up. >> i have to tell you, i love politics. >> you do? >> i'm breaking this story here. certain things thought when people rise to the occasion, they did the right thing. and i love bill clinton coming to save his old rival. and he did. anyway, thank you, michael steele. up next, from etch-a-sketch to legitimate rape to 47%. the most notable political quotes of the year. which quote tops it? that's ahead. and this is "hardball" the place for politics. >>> we're wac. 2012 is coming to a close. let's look back at a few of the most memorable quotations. everything from the historic, to the infamous to the absurd. for the 7th year, fred shapiro has released his list of the top ten quotes. which ones will stand the test of time? you be the judge. joining me right now is a columnist for bloomburg review. gentlemen, get in your starting gates. here's the number one, actually, the number seven quote of the year, it happened in march while the republi
you saw his government and the federal government coming together to solve people's problems. >> they had the fleece on. the sleeves were rolled up. >> i have to tell you, i love politics. >> you do? >> i'm breaking this story here. certain things thought when people rise to the occasion, they did the right thing. and i love bill clinton coming to save his old rival. and he did. anyway, thank you, michael steele. up next, from etch-a-sketch to legitimate rape to 47%. the...
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that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean, what happens if we go over this cliff? >> well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still
that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of...
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you saw his government and the federal government coming together. >> they were wearing the fleece. >> exactly. you had the fleece on, the sleeves rolled up. >> you guys are the best. i have to tell you, i love politics. i'm breaking the story here. >> there's certain things when people rise to the occasion and do the right thing. anyway, thank you, michael. >>> up next, from etch-a-sketch to legitimate rate to 47%. the yumpbuniversity has the lis the most notable political quotes of the year. this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> we're back. 2012 is coming to a close. but, before it does, let's look back at a few of the most memorable quotes. quotations that were uttered this year. everything from the historic to the infamous to, of c
you saw his government and the federal government coming together. >> they were wearing the fleece. >> exactly. you had the fleece on, the sleeves rolled up. >> you guys are the best. i have to tell you, i love politics. i'm breaking the story here. >> there's certain things when people rise to the occasion and do the right thing. anyway, thank you, michael. >>> up next, from etch-a-sketch to legitimate rate to 47%. the yumpbuniversity has the lis the most...
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but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of this is not included? >> there is no doubt they wanted it included in here. they were fighting for are it. so it is is a loss in it that is sense but they will
but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along....
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because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of the war. as kelly just said, boehner put forward the plan b only to withdraw it when he could not rustle up enough republican votes, and since then he is more of an observer than a player in the crisis. joining me is rob acosta, and "republic's" john stein. as we just heard from kelly o'donnell, they will be faced with needing democrats to get this deal through if we do indeed have a deal, and then he has to go back to the caucus and say, re-elect me as speaker. how does he do that? >> well, these are two separate questions, richard. on the first point, boehner has a tough time corralling some of the republic
because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of...
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no governing middle right now in the country. that -- the center, where you find the compromises and bill consensus to move forward, we just don't have that governing coalition here, and the president has tried to work with the congressional leadership, and i understand that, but the congressional leadership really are dealing more with their kind of hard-line partisans. they're not negotiating from the middle either. i look back to the 1980s when i worked in the senate and we had ronald reagan as president and my old boss bob dole as majority leader. we did have governing coalitions. something called the reagan democrats. tip o'neill worked with ronald reagan. one mp the reasons he did that, tip o'neill was the speaker at the time, he knew there was a good chunk of centrist democrats who would switch over and vote with the president. so finding that middle, you know, if i were president obama i would be up on the hill. that's what president reagan would do. go up and meet the swing states, go to their afrsoffices, ask fo their v
no governing middle right now in the country. that -- the center, where you find the compromises and bill consensus to move forward, we just don't have that governing coalition here, and the president has tried to work with the congressional leadership, and i understand that, but the congressional leadership really are dealing more with their kind of hard-line partisans. they're not negotiating from the middle either. i look back to the 1980s when i worked in the senate and we had ronald reagan...
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the real thing that i would challenge leadership in government and out of government is to look at people that are placing unemployment insurance that we almost lost, and still may if we can't get this vote. look at people that are dealing with the facts that they need what we're going to get out of this in terms of students and other things. and tell them, they don't matter. we're going over the cliff because we want to hold some inflexible position. and i think leadership will be tested here on really how far we want to bend or whether or not we want to break people that are the most vulnerable. and i think this is going to be a test. >> reverend al sharpton, thank you so much, and happy new year to you. >> happy new year. >>> we will be back in a moment with more on the apparent deal to avert the worst of the fiscal cliff. please stay with us. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's
the real thing that i would challenge leadership in government and out of government is to look at people that are placing unemployment insurance that we almost lost, and still may if we can't get this vote. look at people that are dealing with the facts that they need what we're going to get out of this in terms of students and other things. and tell them, they don't matter. we're going over the cliff because we want to hold some inflexible position. and i think leadership will be tested here...
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the government of secret agents or government sources. >> what i am worried about is that we're giving them the victory and actually legislating to underpin that victory. >> it's deeply distressing to me and to my former colleagues to be accused of really wicked treatment in the case of torture and maltreatment. we have not been able to defend ourselves. one of the things that this closed material procedure does is it gives opportunity for this material, which may or may not reflect badly on the intelligent services. i actually think it would not reflect badly. but that it should be looked at. >> one of the things that should not happen is you must not reduce the abilities of the public prosecution services and lawyers and more importantly the police who to my personal knowledge are extremely frustrated today certainly in northern ireland and in certain other areas that i know of that they cannot get convictions when they know that the people are guilty. they cannot get the evidence of the court because -- because they are protecting our secret services, our police, our undercover agen
the government of secret agents or government sources. >> what i am worried about is that we're giving them the victory and actually legislating to underpin that victory. >> it's deeply distressing to me and to my former colleagues to be accused of really wicked treatment in the case of torture and maltreatment. we have not been able to defend ourselves. one of the things that this closed material procedure does is it gives opportunity for this material, which may or may not reflect...
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. >> i would say that sometimes he governs like a visitor from a morally superior civilization. he comes in here and he will talk with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the time i have been here. there has been in a sense a radicalization in the republican conference here in the house and it makes it very difficult to negotiate. the president has been talking with the speaker. he made an offer. it was essentially rejected by the speaker. he then comes up with another alternative. it is turned down by the conference that he is supposed to lead. i think all of that has made this a more difficult proposition. i think the president, he has offered cuts in spending essentially it has been very difficult to deal with this republican majority now in the house. and what i am hopeful
. >> i would say that sometimes he governs like a visitor from a morally superior civilization. he comes in here and he will talk with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the...
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Dec 30, 2012
12/12
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if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to include in it, a change in a technical way that social security is done. what it effectively would mean is that social security recipients would get smaller checks each month. something that the president himself did offer as part of a larger deal when he was in those talks with the house speaker. and ha democrats would say is we're past that. we're not in the larger negotiations any
if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that...
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Jan 1, 2013
01/13
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people keep buying government bonds despite all our debt and the job market is improving. so i don't really see this continuing warfare in washington derailing that instantly. >> now, this for the moment kicks sequestration, federal spending cuts, down the road at the same time another fight over the debt ceiling looms. could the two issues scuttle any progress made on avoiding the cliff? >> i think the debt ceiling is really the move powerful and problematic. we saw this in august of 2011 when people start to raise questions about is the government actually going to pay its debt, can the government issue bonds, can it fund its operations, that's a pretty serious situation. if it gets to that point, we technically hit this debt ceiling, there are things the treasury secretary can do over the next couple months, avoiding putting payments into pension plans, things like that so we don't go over it. but at some point that has to be resolved and resolved in such a way that, you know, we are able to borrow, that people, bond investors will know they can buy these bonds and that
people keep buying government bonds despite all our debt and the job market is improving. so i don't really see this continuing warfare in washington derailing that instantly. >> now, this for the moment kicks sequestration, federal spending cuts, down the road at the same time another fight over the debt ceiling looms. could the two issues scuttle any progress made on avoiding the cliff? >> i think the debt ceiling is really the move powerful and problematic. we saw this in august...
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Jan 1, 2013
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and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second term and for democrats to go along in support of the president, one of the political arguments that joe biden can make. in support of the president. what we know on the house side, both nancy pelosi, in charge of the democrats in the house and house speaker john boehner have been kept in the loop throughout. important because once the senate deals with this, it would go to the house. now, what we do expect in talking to a number of democrats tonight, some have put on coats and scarves and were going to lay down for a little while, waiting for the word to come back. others still think
and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second...
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Dec 31, 2012
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. >> reporter: along with the direct revenue coming into the local government, many of the businesses here in prince george's county also reap the benefits during game time. >> loaded up, got our subs and everything like that. plenty of beer. >> reporter: rg3's jersey is selling the most. >> which jersey do you want? >> rg3. >> reporter: it's hard to keep up with demand. >> rg3 jerseys. we have some women seizes left and kids. >> reporter: winter hats sold out. >> you have this coveted hat. they're sold out here. >> i had it since the first day it came out. i got first. nobody else don't have it. i got it first. >> reporter: in the county, officials include an anticipated amount of revenue for the regular season their budget forecast. any additional from post games? >> that's a bonus. >> reporter: chris and heather are staying at the nearby radisson. >> if they get to the playoffs you'll come back? >> absolutely. if there's a home game we've signed up for the lottery or whatever. >> got our tickets ready. paid for. >> reporter: in prince george's county, lauren demarco, fox 5 news. >>
. >> reporter: along with the direct revenue coming into the local government, many of the businesses here in prince george's county also reap the benefits during game time. >> loaded up, got our subs and everything like that. plenty of beer. >> reporter: rg3's jersey is selling the most. >> which jersey do you want? >> rg3. >> reporter: it's hard to keep up with demand. >> rg3 jerseys. we have some women seizes left and kids. >> reporter: winter...
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Dec 28, 2012
12/12
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, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basically operate on the iron lung, with an iron lung, because of the government subsidies. it was interesting to me, the list of the companies that get so much of the revenues from the g
, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties...
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Dec 31, 2012
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even before that, we had multiple threats of government shutdown over things like funding of planned parenthood and even if we get through this with a deal, we may have another debt ceiling showdown. are we at the point in history where we cannot get anything done and nothing will happen until we have one party in control again? >> well, no. i think we can get things done. although, this is coming from a person who's had to re'range vacation plans for three years because congress couldn't finish their work in until the last second. so, you know, when you hear mitch mcconnell on the senate floor saying we can do this, we have to do this, there's a sign saying, okay, when things are bad they can get together. i'm not quite sure why it has to be that bad, though, before they actually do something. i mean, almost everybody in this country could look at this and see it comes and say, okay, taxes are going up on january 1st. house, why can't you do something before they go up? when you know they go up. do something you like better but do something. that's a hard question to answer and real
even before that, we had multiple threats of government shutdown over things like funding of planned parenthood and even if we get through this with a deal, we may have another debt ceiling showdown. are we at the point in history where we cannot get anything done and nothing will happen until we have one party in control again? >> well, no. i think we can get things done. although, this is coming from a person who's had to re'range vacation plans for three years because congress couldn't...
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Dec 28, 2012
12/12
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land- use restrictions. in houston, the fa
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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Dec 30, 2012
12/12
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but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from "meet the press." that's coming up, too. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. if we took the already great sentra apart and com
but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from...
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Dec 28, 2012
12/12
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recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health risks for some. other recalls include disney hoodies with lead paint in the zippers and lg washing machines that could cause injury or damage your home. for a full lives recalls and for a link to the check 'n go refund claim form head to cbssf.com/consumerwatch. >>> a waterfront villa in belvidere goes on the auction block this sunday. >> we have a starting price -- starting price -- $25 million! cbs 5 reporter don ford has a look at the luxuries state and what it takes to be the very first owner. >> reporter: it's one of the finest homes in the country. quite possibly one of the finest view homes in t
recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health...
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Jan 1, 2013
01/13
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or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget. >> i'd like it if they did that. >> my advice is deal with your own financials. >> good luck with that. one down, one to go. will the house go along with the fiscal cliff deal hammered out by the white house and the senate earlier this morning? we're going to have a live report from washington just ahead. >> you can watch us any time on your desk top or mobile phone. go to cnn.com/tv. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. with th
or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget....
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Dec 31, 2012
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government because fewer people are involved in seeing taxes go up from the 35% rate right now to the 39.6% rate, which existed before the bush tax cuts were implemented in 2001 and 2003 during the clinton administrati administration. so it will be less revenue. they have to find more revenue elsewhere, but it's something the president felt he needed to do to get a deal to show he's ready to negotiate. so he moved from that 250 to 450, so that's a significant concession from the democrats' perspective. >> jessica, what do we expect to hear from the president in the statement he's going to make momentarily? >> reporter: i believe, he's going to urge action, suzanne, and call on both parties to pass this. as you know and as dana bash reported from capitol hill, there are democrats who have expressed concern about the agreement or the emerging deal. it's not done yet. and there is obviously going to be republican resistance, but you know, he will call on both sides to do something. i point out that while 450,000 for a household is a concession by democrats, the democrats are getting some
government because fewer people are involved in seeing taxes go up from the 35% rate right now to the 39.6% rate, which existed before the bush tax cuts were implemented in 2001 and 2003 during the clinton administrati administration. so it will be less revenue. they have to find more revenue elsewhere, but it's something the president felt he needed to do to get a deal to show he's ready to negotiate. so he moved from that 250 to 450, so that's a significant concession from the democrats'...
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Dec 27, 2012
12/12
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CNBC
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Jan 1, 2013
01/13
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KQED
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that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of
that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the...
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Dec 31, 2012
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about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. to the best vacation sp(all) the gulf! this season, discover aleve. it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality
about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ]...
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Dec 31, 2012
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potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president, so we expect him to be out soon. john, just quickly, because we are close here, kristen mentioned pr campaigns. the president, as you say, campaign style approach to this entire debate different many some ways than certainly economic stimulus, and a little bit different than health care. is this lessons learned from those two fights? >> i think it's partly that, and i think he has learned, look, he has public leverage, but he doesn't necessarily have private leverage. he doesn't have republican votes in the house. you use what weapons you have as a president, and the pu
potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president,...
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Dec 30, 2012
12/12
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. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in hous
. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's...
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Dec 28, 2012
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say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestions that you have, turn off the tv until congress reaches a deal. the media will find little else to talk about. the endless chatter creates the mistaken impression that the country is going down the drain. >> turn off all the other channels is what i meant. >> you leave the impression we're fearmongering and not giving important information that we need to have and are you per pet yuting the problem? >> trying to be a voice of reason. so for a bit of perspective, going in to this, most people who watch congress who are paying attention for months did not expect any kind of deal to happen in december. remember, this is a lame duck session and people who have been watching this for a long time said probably the best
say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestions that you have, turn off the tv until congress reaches a deal. the media will find little else to talk...
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Dec 31, 2012
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WJZ
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that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of
that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the...
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Jan 1, 2013
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i think the difference between a divided government and disfunctional government is the willingness to compromise. we saw that in the senate as leader pelosi and mr. hoyer have said. that means looking at an agreement and deciding whether on balance it helps not democrats or republicans but whether it helps move the country forward. and we're hopeful that republicans in the house will do as democrats and republicans did on the senate and weigh all the equities here, but decide at the end of the day not everybody gets 100% of what they want. democracy means a willingness to come together for the good of the country, that's what compromise is all about, especially in an era of divided government. our members are taking a look at the bill. and, you know, we just would ask our republican colleagues to bear in mind the good of the country as they also weigh all the equities here. with that, i turn it over to the distinguished vice chairman, mr. crawly. >> thank you, chris. i will add briefly we all appreciate the vice president coming to the caucus today in a straightforward, thorough way,
i think the difference between a divided government and disfunctional government is the willingness to compromise. we saw that in the senate as leader pelosi and mr. hoyer have said. that means looking at an agreement and deciding whether on balance it helps not democrats or republicans but whether it helps move the country forward. and we're hopeful that republicans in the house will do as democrats and republicans did on the senate and weigh all the equities here, but decide at the end of the...
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Jan 1, 2013
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they know the debt ceiling is the government saying they're going to stiff creditors. they're not going to pay bills, and americans don't like that. they don't want to spend any more than we can afford, but they want us to pay our bills. that's what people do in their homes. >> tell me how you think this is going to unfold on your side. the president had other considerations that are also valid, and i think it's going to be valid on mr. boehner's side. the republican congress knows that had he to put something on the floor and that are revenues were going to go up. they just don't want their fingerprints on it. there's going to be an enormous amount of republicans who want to vote no. he is in a bind. sfoo we talked about this before. this has been the least productive congress in history. it's certainly the most unpopular. i think the latest approval rating is something like 12%, and, you know, we talk about this triple threat, but there's a lot of other things on the pre president and congressional agenda. there are huge. things like immigration. things like the pres
they know the debt ceiling is the government saying they're going to stiff creditors. they're not going to pay bills, and americans don't like that. they don't want to spend any more than we can afford, but they want us to pay our bills. that's what people do in their homes. >> tell me how you think this is going to unfold on your side. the president had other considerations that are also valid, and i think it's going to be valid on mr. boehner's side. the republican congress knows that...
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Dec 27, 2012
12/12
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CNNW
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based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. they deploy the tactics that nearly shut down the government and ultimaty cost america its aaa credit rating for the first time in history. in a last minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush tax cuts extended for two ye
based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability...
364
364
Jan 1, 2013
01/13
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FOXNEWSW
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you added a new arm to government. that is a big deal for a lot of people. >> eric: surprising mike didn't make that his sub favorite story of the year. >> juan: she is right. in terms of the american history, the social safety net and this was the missing element. republican and democratic presidents tried to do it and failed to. it's an incredible accomplishment for any president. >> eric: are your siz that we find new taxes in the law? medical device tax. investment tax. >> juan: look, everybody agrees there are blank pages. we don't know what is to come. >> andrea: doesn't that scare you? >> juan: what scares me, rather than get on board there are peep delight in congress shooting spitballs. >> greg: legitimate criticism is not a spitball. nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't li
you added a new arm to government. that is a big deal for a lot of people. >> eric: surprising mike didn't make that his sub favorite story of the year. >> juan: she is right. in terms of the american history, the social safety net and this was the missing element. republican and democratic presidents tried to do it and failed to. it's an incredible accomplishment for any president. >> eric: are your siz that we find new taxes in the law? medical device tax. investment tax....
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216
Dec 31, 2012
12/12
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MSNBCW
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it doesn't deal with funding the government. so it essentially -- and this is what a lot of republicans have told me. they're happy to go through this on the tax rates if they get anything above $250,000, they think that's a win because they believe they can have the same type of fights over spending, same type of fights as one told me a few days ago, bring the president to his knees in a few months. so this is not that big of a concession for them off the bat. it's extraordinary when you think about it in the context of ten years but in terms of moving forward, they really see it's helping their negotiating leverage which is a fascinating, fascinating development. >> to tell you about the patience of the american people, they did this survey about words and phrases they want to get rid of. number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the road. but to your point, that is exactly what's going to happen, and whatever comes out of this deal and whenever the vote happens, this is really barel
it doesn't deal with funding the government. so it essentially -- and this is what a lot of republicans have told me. they're happy to go through this on the tax rates if they get anything above $250,000, they think that's a win because they believe they can have the same type of fights over spending, same type of fights as one told me a few days ago, bring the president to his knees in a few months. so this is not that big of a concession for them off the bat. it's extraordinary when you think...
210
210
Dec 29, 2012
12/12
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CNNW
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this is about government's role in your life. democrats want more of a social safety net, republicans prioritize lower taxes. and that's what distinguishes the democratic and the republican parties sop so that's what they're fundamentally fighting about. if you break it down to the basic deal points right now, democrats say this smaller deal should include a tax increase for households that make $250,000 and more. an extension of unemployment benefits as you pointed out for about 2 million americans, a delay of those massive spending cuts we've all talked about, an increase in the estate tax. republicans say in this deal what they would prefer to see is a limit in the tax increase for the highest earners and a way to avoid that estate tax increase. no delay in those spending cuts so they can argue about that as leverage in the new year and find a way to pay for those unemployment benefits because republicans prefer if we're going to spend, fiend a way to pay for it, don't add to our deficit. martin? >> so let's just say that sena
this is about government's role in your life. democrats want more of a social safety net, republicans prioritize lower taxes. and that's what distinguishes the democratic and the republican parties sop so that's what they're fundamentally fighting about. if you break it down to the basic deal points right now, democrats say this smaller deal should include a tax increase for households that make $250,000 and more. an extension of unemployment benefits as you pointed out for about 2 million...